"Just Oil"

the one who told this doing very well.
what he meant is that trader should not give up but work on his trading and mental state.

   xenon posted:
   agree about the trader mind.

but the strongest mental man can not trade with cont loosing. it breaks at some point.
so they both has to come togather.

   Chikot posted:
   Steve, it refers to trader developing like a trader and not giving up despite on set backs. it is not about markets... it is about trader's mind.

   xenon posted:
   good words!

but there is a but;

think that way, if you are marketer you can discuss with your client and you can bring him to your idea. but in the market there is no such chance. will power can not effect market itself(client) in trading. So we need a referance point to trade. I think this must me most common tool that used by most of the traders to find a common point. it can be MA s or some other tools. but should be as simple as possible. then will power will effect our desecions according that ref point.

walker

keep watching and trade when can. do it however form 4 h charts when I can. 2 months left.

The time is drawing near. I keep demo trading swing trading only from 4H. So far so good. The first time ever I am going somewhere with positive results trading longer term not day trading.
Just learned that Oanda again can be connected to myfxbook. so, most probably I am going back to Oanda as it provides good money management possibilities for my account size unlike MT4 brokers.
For example. Minimum size is $0.01 on MT4. when i trade e/u , a/u or g/u it might be no problem, also stops might differ. But when i take E/J trade not only stop tends to be considerably bigger but pair is also more expensive and I cannot reduce per pips size accordingly. Hence winning 100 pips on e/u constituting R;R 2:1 which is my usual goal will be negated by say 70-80 pips loss on E/J where it will also be 2:1 R:R but with different stop and goal sizes. Not to mention that even $1000 is a very small account with $0.01 minimum sizing. With Oanda even small account has absolute control of position sizing. I do not like the fact that they increase spread around news but having under capitalized account is much worse.
So, at the end of June beginning of July the show will start again and I will resume building my trading record. This time I will most probably have enough time for long enough to move forward with my trading career.

Things are going not so bad. I am positive so far but mistakes caused account to go up and down and I should not have taken about half of losing trades cause signals was not there yet. was right directionally but wrong with timing. anyway, because I was following my rules I finally got on this last big move down. closed 2 trades out of 4 too early which cut profit by 5%. all trades went to target 100+ pips. I am in preparation mode. The most important now is to stay away until I see that tide is reversing to move again with a trend. i trade only along the trend unless I have 3 very strong indications that trend is up for reversal or there is good chance of reaction against the trend . If I went with a trend and lost, I do not take opposite direction, I wait again to enter along the trend. what I can say that trend is truly is our friend. I am currently flat, waiting for what market will be doing next week.
overall, I should have been 2.5-3 times more profitable now this months had I passed few trades and let trades run to my target on those few that I closed too early. in any case my average winner is 2.2 times larger than my average loser.
Getting ready for live trading starting July.

gotta be ready for chop chop aka. whipsaw too.

Ok, as only one month has left before I go live again I decided to start posting my demo trading to add some hit to myself.
I am not day trading as I have no time and I am not going to day trade when i go live.
One account I trade from 4H charts with an eye on daily/weekly charts as well and second I am learning to trend trade and make speculative trades from daily charts.
First account everything is clear I have target in most cases 2:1 R:R and I am mostly trade 4 pairs: E/U, G/U, A/U and E/J. Second long term account I am learning and watching 10+ pairs. The most important is how to exit profitable trades as stop loss is taking care of losing trades but how to exit profitable ones. I am not a fan of partial scaling out. I am in learning process. I think that small profit may be taken once trade very well in profit to get some funds into account but most of the position must run until the signal comes that trend is over.
Two demos are added and connected to myfxbook.

Ouch. should have got up earlier.

as soon as you publish your account you start making mistakes. I had the same issue. really strange. When I start publishing account I destroy it.

%51 of trading is mental.

Steve, no mental issues. Just mistakes. been relying too much on daily chart expecting further drop and I still think it is going to drop. I need to point that my balance on MT4 is only $520 that I trade now. I cannot take proper sized positions... it is nothing as when i start trading live from Oanda I will risk 0.5% on 4H swing trades. here I need to put reasonable stops but minimum size is still $0.01. You see the point. also, you are watching only one account, another one, long term trend following on daily is doing fine, but that strategy has set of rules which I follow. 4H swing is too subjective. I am thinking of entering only one rule. since now on. I am not going against ema's cross. always along on 4H. if I lose current trades next ones will be only along the cross. Mentally I am more than fine. I will also have more time since July, so I have no worries.

Chikot

I did not say you are doing bad. I mentioned about the publishing account.
I dont discuss your trading capabilities.

but publishing is putting more pressure.

walker

Actually, it is missing 2 trades set me for mistakes. but overall I need a couple of simple rules to avoid taking trades against market sentiment and I need more time. i am going to go live in July regardless.

otherwise mentally, losses being cut and profits let to run.
patience and calmness is a key.

Despite bad job news from US I still think that Eur is in far worse shape, hence I was looking for reversal and trades were based on daily trend which is still down. I was up to 130 pips in profit on all 3 pairs but target is around 200 pips on all. Gotta have acceptable R:R. I saw it but did not take profits. With more time available I do not think I will miss any good signals or let risk become too much as I am not shy to trigger the trade when it is along my lines.
Aud based pairs I am looking for trend reversal hence did not short it. It looks like the trend is reversing for Aud based pairs and there is fundamental reasons now. Will be watching them.
Problem was that I came home later after the initial move with low risk had happened and I did not want to miss it hence entered with higher risk. Generally it was happening the whole week and since I cannot reduce size per pip DD was bigger than it has had to be. Account I am trading with Oanda size control is absolute. i am risking 1% on each trade. Close of Aud/Cad long was a mistake. I wanted to close 15% of the position but actually put a wrong number.
On Oanda account my goal is to get on trend and milk it with partial closes and trailing stops as much as I can.

Seeing markets move took partial profits on G/A and G/Chf shorts and moved stops locking more profits on Trend following account and closed completely Eur/Aud short seeing that Eur is going up. stop would have been hit anyway I think.
 on 4H swing account stops most probably will be triggered. Spain.
Now watching few more pairs for entries. would be stupid to jump at the worst price.

man what the hell you did. 😁

please left us some pips. 😉

Great trades!!!

Hi Steve, too early to celebrate. I made a couple of mistakes, should have been much more pips. closed eur/aud short thinking stop would be hit and aud/cad long by mistakle when tried to close part of the trade closed everything. someone told me i should let the market take me out and let things be.
I am going to trade this method live soon and swing too. swinging not going too well. i guess because I do not have back bone like for second method.

btw, Steve,m are you trading?

regarding swing trading. i am sure results will improve once I have time to watch and not miss better entries. 2 weeks + left.

demo test-2
moved from Fxopen to Pepper.

Fxopen has low cost. when you think my trading style cost is very important. but their server open/close orders when it wants, not when I want. sometimes after minutes. this is stupid in ms world. So moved to pepper and tuned up. currently trading with it. stil has to come over some mental issues. when ready will go live.

   Chikot posted:
   btw, Steve,m are you trading?